RHB Retail Research
Trading Stocks - UWC
UWC may rebound further after it tested the MYR1.50 support in the recent session. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR1.55 level, with an exit set below the MYR1.50 threshold. Towards the upside, the immediate resistance is at the MYR1.63 level. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 2 Oct 2019
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